AptarGroup, Inc. (NYSE:ATR) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in AptarGroup, Inc. (NYSE:ATR - Free Report) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 196,584 shares of the industrial products company's stock after acquiring an additional 4,042 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.30% of AptarGroup worth $31,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATR. Capital Performance Advisors LLP acquired a new position in shares of AptarGroup in the third quarter valued at about $25,000. UMB Bank n.a. raised its position in AptarGroup by 446.5% during the 3rd quarter. UMB Bank n.a. now owns 235 shares of the industrial products company's stock worth $38,000 after buying an additional 192 shares during the last quarter. Blue Trust Inc. lifted its stake in AptarGroup by 281.0% during the 2nd quarter. Blue Trust Inc. now owns 240 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 177 shares during the period. Gradient Investments LLC acquired a new stake in AptarGroup during the 2nd quarter valued at approximately $40,000. Finally, Huntington National Bank boosted its holdings in shares of AptarGroup by 312.0% in the 3rd quarter. Huntington National Bank now owns 342 shares of the industrial products company's stock valued at $55,000 after acquiring an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 88.52% of the company's stock.

AptarGroup Price Performance

ATR traded down $1.49 during trading on Thursday, hitting $171.10. The company's stock had a trading volume of 244,879 shares, compared to its average volume of 288,189. The company has a current ratio of 1.62, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $11.38 billion, a price-to-earnings ratio of 34.36, a P/E/G ratio of 2.97 and a beta of 0.58. AptarGroup, Inc. has a twelve month low of $122.29 and a twelve month high of $178.03. The business's fifty day simple moving average is $167.96 and its 200 day simple moving average is $154.48.

AptarGroup Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 24th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $1.80 annualized dividend and a dividend yield of 1.05%. AptarGroup's dividend payout ratio (DPR) is presently 36.14%.

AptarGroup declared that its board has authorized a share buyback program on Thursday, October 10th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 4.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

ATR has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on shares of AptarGroup from $168.00 to $185.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Robert W. Baird upped their price objective on AptarGroup from $170.00 to $185.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Jefferies Financial Group raised shares of AptarGroup from a "hold" rating to a "buy" rating and lifted their target price for the company from $155.00 to $215.00 in a report on Monday, October 14th. Finally, Dbs Bank raised shares of AptarGroup from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $195.00.

Insider Activity at AptarGroup

In other AptarGroup news, insider Hedi Tlili sold 1,375 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $152.54, for a total value of $209,742.50. Following the completion of the sale, the insider now owns 9,379 shares in the company, valued at approximately $1,430,672.66. This represents a 12.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gael Touya sold 3,300 shares of the business's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $151.62, for a total value of $500,346.00. Following the transaction, the insider now owns 32,165 shares in the company, valued at approximately $4,876,857.30. This represents a 9.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,639 shares of company stock valued at $5,960,841. 1.00% of the stock is owned by corporate insiders.

AptarGroup Profile

AptarGroup, Inc designs and manufactures a range of drug delivery, consumer product dispensing, and active material science solutions and services for the pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company operates through Aptar Pharma, Aptar Beauty, and Aptar Closures segments.